Tag Archives: Restructuring and Insolvency Cayman Islands
Global Restructuring Review (GRR) has just released their GRR 100 2020 Guide and HSM has made its debut on this list. GRR 100 is an annual publication that features the world’s leading law firms for cross-border restructuring and insolvency matters.
HSM’s Restructuring and Insolvency practice is led by Partner Ian Lambert and has grown significantly over the last year, especially due to the demand in service caused by COVID-19. GRR notes that Ian “has chalked up many years’ experience in the Cayman Islands and Canada”. Ian was also recognised as a “Name to Know” in the Cayman Islands by GRR 2019.
HSM’s Senior Associate Adam Crane was referenced for his arrival to HSM in 2018 from Patterson Law and notes “Adam was named one of the 15 “rising stars” in the International Institute’s ninth annual NextGen leadership programme in June 2020.”
Sarah-Jane Allison (HSM Partner) and Shula Sbarro (Associate) were also highlighted as names to know.
HSM was one of five international firms that were newly added to this list. GRR states: “In its relatively short existence, HSM has played a role in some of the most high-profile matters playing out in the Cayman Islands, including the fraud trial of Saudi conglomerate Ahmad Hamad Al-Gosaibi & Brothers (AHAB) and the Singular is liquidation.”
This recognition testifies that HSM is a recommended firm for carrying out insolvency and restructuring work with an international dimension.
HSM’s Ian Lambert, Partner and Head of Litigation, Restructuring and Insolvency, has taken part in a Q&A covering insolvency trends in offshore jurisdictions alongside other experts in Burford Capital’s Q4 2020 report. Ian reviews the Cayman Islands and weighs in on the impacts of COVID-19.
Source – ‘Insolvency Experts Review Trends in Offshore Jurisdictions?’, The Burford Quarterly (No. 4 2020), pp.12-23: https://www.burfordcapital.com/insights/insights-container/2020-burford-quarterly-issue-4/.
Article Clip
The HSM Group has experienced an increase in interest for their restructuring and insolvency services, especially from businesses facing financial issues from the COVID-19 crisis. To help keep up with the demand and maintain exceptional service, HSM has reallocated its lawyers to assist in this area of the firm.
HSM’s restructuring and insolvency Cayman Islands practice now comprises of Ian Lambert, Partner and Head of Litigation, Insolvency and Restructuring; Adam Crane, Senior Associate; Peter de Vere, Head of Corporate and Commercial; Sarah Allison, Senior Associate of Debt Solutions and Shula Sbarro, Associate of Debt Solutions.
Managing Partner at HSM, Huw Moses, feels that this shift will allow the focus to be on assisting clients and businesses amidst the upheaval in normal business practices in the Cayman Islands. “It is not business as usual during COVID-19,” commented Huw. “As a full-service law firm HSM is flexible and able to meet the new needs in these challenging times.”
Ian adds, “Overcoming debt is difficult even in the best of times. In a crisis, our restructuring and insolvency lawyers create and execute coordinated solutions in a timely manner. Using a holistic approach, we draw on local and multidisciplinary skills to provide advice on all aspects of restructuring and insolvency, as well as employment, immigration and corporate issues.”
Through a comprehensive and precise analysis of the situation, HSM’s lawyers can provide sound recommendations across domestic and cross-border restructurings, guidance on the wind-down process while maximising returns to owners and if necessary, provide representation for clients in the courtroom.
To help further assist the local market in the Cayman Islands, HSM will host a free videoconference course with the Cayman Islands Chamber of Commerce on business failure liability in relation to COVID-19. This course will take place on Friday, 29 May 2020 from 9am to 11am. Participants must express interest to the Chamber at Programmes@CaymanChamber.ky and request a link to sign up to receive a Zoom invitation.
Key Contact
Ian Lambert
Partner
Head of Litigation, Restructuring and Insolvency
Tel: 1 345 815 7421
ilambert@hsmoffice.com
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